Sector: Information Technology
Jeremy Levit quit his job at law firm Allens Arthur Robinson to become an entrepreneur, founding two equally successful businesses in separate sectors. He says it was a hard move to go from "a harbour view to a desk in my bedroom", but the gamble paid off.
His first business, PodProperty, is designed to help friends, siblings or relatives purchase homes together as tennants in common.
The second business, ServiceSeeking.com.au is designed as a type of crowdsourcing site where users post work to be done, businesses bid for the project and the original user picks a winner. It's a popular theme, but Levitt says he is motivated by the competition.
It certainly isn't slowing him down – Levitt says the company has had almost $200 million worth of job leads through the site since they launched, averaging more than 7,000 jobs per month with revenue growth of 445% year-on-year. Based on industry figures, we estimate revenue to be between $2-3 million.
He says his success relies on being original, unique and "adding value to the consumer".
"Be the best of all the alternatives and create uncontested market space so you are a pioneer in a new market as opposed to competing for a share of an existing market."